VEGI Dividend Type Payments
Although VEGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI Agriculture Producers ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 12:50 PM ET):
| iShares MSCI Agriculture Producers ETF (VEGI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 39.42 | 39.52 | 39.44 | -1.16 | 7K | - | 0.0B |
VEGI Dividend-Like Income Using Covered Calls
With VEGI at 39.44, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
| Annual Yield | Annual Premium | Cents/Day |
|---|---|---|
| 3% | 1.18 | 0.3 |
| 5% | 1.97 | 0.5 |
| 10% | 3.94 | 1.1 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | SGML dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | RCAT dividend | |
| 3. | SPY dividend | 8. | IBIT dividend | 3. | CODI dividend | |
| 4. | TSLA dividend | 9. | AMZN dividend | 4. | CRML dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | RIO dividend | |
Want more examples? VEGA Dividend | VEGN Dividend
